NEW YORK CITY & WESTCHESTER PROPERTY DIVISION ATTORNEY
Helping You Keep What’s Rightfully Yours
It’s no secret that divorce lowers the standard of living for both spouses, even when they have substantial assets. If you’re accustomed to living well, the thought of downsizing your lifestyle can be very frightening. New York courts have the discretion to divide marital property equitably, which doesn’t always mean equally, making it difficult to determine exactly what you’re entitled to. That’s why it’s important to hire an experienced New York City property division attorney that can help you understand what’s yours and develop a plan to help you keep it. You can count on GourariLaw to develop a sophisticated strategy to resolve your property division issues.
What Is Marital Property?
Any assets that are earned or purchased during the marriage are generally considered marital property. These are some examples:
- Primary residence, vacations home and other residential real estate;
- Furnishing, art, antiques and collectibles;
- Retirement plans and pensions;
- Vehicles
- Businesses
An inheritance, business or real estate holding that’s brought into the marriage by one spouse is considered separate property, but it can morph into marital property during the course of a marriage. For example, even if you are the sole owner of your residence, if a substantial amount of marital assets have been invested in remodeling or expanding the home, the court will probably consider it marital property. If you’re contemplating divorce, it’s important to speak to an experienced New York City property division attorney that can help you determine how a court would be likely to divide your property.
How Does The Court Decide What’s Equitable?
The court takes many factors into consideration to determine what would be a fair way to divide property in a particular case. These are some of the most important considerations:
- The length of the marriage;
- The income of each spouse;
- The age, health and future earning capacity of each spouse;
- Loss of health insurance, pension, and inheritance rights;
- Tax consequences and
- The presence of domestic violence.
In order to determine what you should expect to keep after your divorce, it’s necessary to prepare an inventory of assets and analyze how the court will view each item of property. GourariLaw is the New York City property division attorney that high asset spouses count on to help them keep what they’re entitled to.
Frequently Asked Questions
We aim to support families in resolving their own disputes. We ensure professional consultancy and result.
Professional help with financial, commercial, tax disputes and other complex business issues.
Your civil rights will be defended and represented on the highest level with the best outcome.